FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 7, 2007 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Averages of daily figures Reserve Bank credit, related items, and Week ended Change from week ended Wednesday reserve balances of depository institutions at Jun 6, 2007 May 30, 2007 Jun 7, 2006 Jun 6, 2007 Federal Reserve Banks Reserve Bank Credit 857,913 + 4,126 + 28,493 857,595 Securities held outright 790,300 + 64 + 26,476 790,322 U.S. Treasury (1) 790,300 + 64 + 26,476 790,322 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 474,672 0 + 12,442 474,672 Notes and bonds, inflation-indexed (2) 34,459 0 + 11,813 34,459 Inflation compensation (3) 4,151 + 64 + 573 4,172 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 29,179 + 3,322 + 3,358 28,500 Loans to depository institutions 119 - 9 - 104 154 Primary credit 13 + 7 - 1 43 Secondary credit 0 0 0 0 Seasonal credit 106 - 16 - 103 111 Float -550 + 863 - 528 -499 Other Federal Reserve assets 38,866 - 113 - 708 39,119 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,497 + 14 + 515 38,497 Total factors supplying reserve funds 909,652 + 4,140 + 29,009 909,333 Currency in circulation(5) 812,954 - 672 + 16,166 813,523 Reverse repurchase agreements (6) 33,844 + 1,080 + 9,777 32,069 Foreign official and international accounts 33,844 + 1,080 + 9,777 32,069 Dealers 0 0 0 0 Treasury cash holdings 287 + 6 + 90 295 Deposits with F.R.Banks, other than reserve balances 11,892 - 251 - 1,287 12,354 U.S. Treasury, general account 4,938 - 245 - 295 5,396 Foreign official 94 0 + 9 92 Service-related 6,580 0 - 999 6,580 Required clearing balances 6,580 0 - 999 6,580 Adjustments to compensate for float 0 0 0 0 Other 280 - 7 - 2 286 Other liabilities and capital 39,410 + 141 + 4,367 39,150 Total factors, other than reserve balances, absorbing reserve funds 898,387 + 304 + 29,113 897,391 Reserve balances with Federal Reserve Banks 11,265 + 3,836 - 104 11,942 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,955,453 - 3,859 + 329,537 1,950,033 U.S. Treasury 1,229,911 - 1,499 + 109,624 1,224,824 Federal agency 725,543 - 2,359 + 219,914 725,209 Securities lent to dealers 5,940 + 1,737 + 4,021 2,193 Note: Components may not sum to totals because of rounding. 1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5 Estimated. 6 Cash value of agreements, which are collateralized by U.S. Treasury securities. 7 Includes U.S. Treasury STRIPS and other zero coupon bonds at face value. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of Dollars Eliminations Change Since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jun 6, 2007 May 30, 2007 Jun 7, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 893 + 13 + 190 Securities, repurchase agreements, and loans 818,975 - 2,406 + 27,129 Securities held outright 790,322 + 62 + 25,445 U.S. Treasury (1) 790,322 + 62 + 25,445 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 474,672 0 + 11,408 Notes and bonds, inflation-indexed (2) 34,459 0 + 11,813 Inflation compensation (3) 4,172 + 61 + 575 Federal agency (2) 0 0 0 Repurchase agreements (4) 28,500 - 2,500 + 1,750 Loans 154 + 33 - 65 Items in process of collection (1,205) 4,071 - 1,863 - 3,121 Bank premises 2,026 + 10 + 179 Other assets (5) 37,250 - 17 - 408 Total assets (1,205) 876,452 - 4,263 + 23,968 Liabilities Federal Reserve notes net of FR Bank holdings 776,210 - 1,645 + 16,296 Reverse repurchase agreements (6) 32,069 - 2,791 + 8,300 Deposits (0) 24,454 + 422 - 3,605 Depository institutions 18,679 - 370 - 3,471 U.S. Treasury, general account 5,396 + 759 - 156 Foreign official 92 - 2 + 5 Other (0) 286 + 33 + 16 Deferred availability cash items (1,205) 4,571 - 506 - 1,631 Other liabilities and accrued dividends (7) 6,017 + 46 + 961 Total liabilities (1,205) 843,319 - 4,475 + 20,320 Capital Accounts Capital paid in 16,106 + 4 + 1,141 Surplus 15,386 + 11 + 2,485 Other capital accounts 1,641 + 197 + 23 Total capital 33,133 + 212 + 3,649 Note: Components may not sum to totals because of rounding. 1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securites. 5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 6 Cash value of agreements, which are collateralized by U.S. Treasury securities. 7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 3. Maturity Distribution of Loans and Securities, June 6, 2007 Millions of dollars U.S. Treasury Federal agency Reverse Maturity Loans securities (1) securities Repurchase repurchase Weekly Weekly agreements(2)agreements(2) Holdings changes Holdings changes Within 15 days 58 62,340 - 8,163 0 0 28,500 32,069 16 days to 90 days 96 172,422 + 8,170 0 0 0 0 91 days to 1 year 0 165,484 - 3,790 0 0 ------ ------ Over 1 to 5 years ------ 233,320 + 3,806 0 0 ------ ------ Over 5 to 10 years ------ 74,512 + 16 0 0 ------ ------ Over 10 years ------ 82,244 + 24 0 0 ------ ------ All 154 790,322 + 62 0 0 28,500 32,069 Note: Components may not sum to totals because of rounding. --- Not applicable. 1 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 2 Cash value of agreements classified by remaining maturity of the agreements. 4. Statement of Condition of Each Federal Reserve Bank on June 6, 2007 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,037 449 4,053 455 428 869 1,117 903 326 203 335 613 1,286 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 893 33 51 58 87 84 107 107 37 37 70 90 132 Securities, repurchase agreements, and loans 818,975 37,740 296,494 36,225 33,509 70,944 75,947 68,720 26,183 16,362 26,564 35,982 94,305 Securities held outright 790,322 36,423 286,173 34,964 32,343 68,475 73,301 66,290 25,259 15,769 25,583 34,724 91,018 U.S. Treasury (1) 790,322 36,423 286,173 34,964 32,343 68,475 73,301 66,290 25,259 15,769 25,583 34,724 91,018 Bills (2) 277,019 12,767 100,308 12,255 11,336 24,001 25,693 23,235 8,854 5,527 8,967 12,171 31,903 Notes and bonds(3) 513,303 23,656 185,866 22,709 21,006 44,474 47,608 43,054 16,406 10,242 16,616 22,553 59,115 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 28,500 1,313 10,320 1,261 1,166 2,469 2,643 2,390 911 569 923 1,252 3,282 Loans 154 4 1 0 0 0 3 40 13 25 58 6 4 Items in process of collection 5,276 196 72 578 633 317 793 364 202 319 405 341 1,055 Bank premises 2,026 117 213 57 156 172 231 207 90 115 213 260 194 Other assets(5) 37,250 1,236 11,510 3,243 2,142 6,996 3,186 2,413 731 700 733 968 3,393 Interdistrict settlement account 0 - 2,925 + 2,706 - 1,192 - 4,089 + 753 + 4,400 + 515 + 229 - 720 + 1,130 + 1,281 - 2,088 Total Assets 877,657 36,963 315,972 39,506 32,969 80,283 85,947 73,441 27,869 17,047 29,517 39,633 98,511 Note: Components may not sum to totals because of rounding. 1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 4. Statement of Condition of Each Federal Reserve Bank on June 6, 2007 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 973,143 38,010 344,748 39,480 36,036 78,868 107,786 80,545 29,376 17,349 30,476 57,560 112,910 Less: notes held by F.R. Banks 196,933 4,614 63,807 6,733 8,884 13,438 30,228 13,894 3,573 2,519 3,480 21,626 24,138 Federal Reserve notes, net 776,210 33,396 280,941 32,747 27,152 65,430 77,558 66,651 25,803 14,830 26,996 35,934 88,771 Reverse repurchase agreements (1) 32,069 1,478 11,612 1,419 1,312 2,778 2,974 2,690 1,025 640 1,038 1,409 3,693 Deposits 24,454 642 12,579 606 1,172 2,682 1,288 1,376 323 436 440 1,011 1,900 Depository institutions 18,679 634 6,961 599 1,169 2,558 1,284 1,373 320 435 439 1,011 1,897 U.S. Treasury, general account 5,396 0 5,396 0 0 0 0 0 0 0 0 0 0 Foreign official 92 1 62 5 3 11 3 2 0 1 0 1 3 Other 286 7 160 2 0 113 0 0 2 0 1 0 0 Deferred availability cash items 5,776 342 142 778 809 426 685 399 125 328 446 413 884 Other liabilities and accrued dividends (2) 6,017 261 1,847 299 290 813 584 485 218 157 200 278 585 Total liabilities 844,524 36,118 307,120 35,848 30,736 72,129 83,089 71,601 27,493 16,391 29,119 39,045 95,834 Capital Capital paid in 16,106 404 4,281 1,809 1,101 3,978 1,392 887 172 321 187 278 1,296 Surplus 15,386 396 3,782 1,810 1,087 4,096 1,277 859 166 276 176 213 1,247 Other capital 1,641 45 788 38 45 80 190 95 37 59 34 96 134 Total liabilities and capital 877,657 36,963 315,972 39,506 32,969 80,283 85,947 73,441 27,869 17,047 29,517 39,633 98,511 Note: Components may not sum to totals because of rounding. 1 Cash value of agreements, which are collateralized by U.S. Treasury securities. 2 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Jun 6, 2007 Federal Reserve notes outstanding 973,143 Less: Notes held by F.R. Banks not subject to collateralization 196,933 Federal Reserve Notes to be collateralized 776,210 Collateral held against Federal Reserve notes 776,210 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 762,973 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 818,822 Less:face value of securities under reverse repurchase agreements 32,114 U.S. Treasury and agency securities eligible to be pledged 786,707 Note: Components may not sum to totals because of rounding. 1 Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.